This pair looked so bullish this morning and interbank dealers were talking about the total lack of sellers, it seemed the only way was up. Once again the FX market bites back when you least expect it and EUR/JPY has fallen 130 pips from this mornings highs.
There’s not much in the way of technical support until 123.80 and with a possible double-top now on the short-term charts, bulls will be treading a bit more carefully.